🚀 Ethereum DAO Hack: The $60 Million Code Exploit That Split a Blockchain

In June 2016, the crypto world witnessed its first existential crisis — the infamous DAO hack. The DAO (Decentralized Autonomous Organization), built on Ethereum, had raised over $150 million in ETH from thousands of investors. But a smart contract vulnerability allowed an anonymous hacker to drain $60 million in ETH.

💣 The hack wasn’t technically illegal — it was an exploit of the code. This sparked a fiery debate in the Ethereum community: should “code be law”? Or should the funds be restored?

⚡ The result? A controversial hard fork. Ethereum split into two chains:

* Ethereum (ETH) – which reversed the hack and returned the funds

* Ethereum Classic (ETC) – which preserved the original, “unaltered” chain

🌐 This event reshaped the crypto landscape, introducing questions of governance, decentralization, and trust — questions we’re still asking in 2025.

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